Howden takeover rumours perk up share price

According to broker Evolution: "Travis is in the process of expanding its nascent position in the kitchens market. Howden might stack up as a target.

"Both companies are UK-focused and kitchens are a complementary line for Travis' merchants business, which could also be complementary to Travis' Wickes retail business."

Speculation of such a move has been seen before and the broker said Travis "is now positioned for another deal" having sorted out the competition issues of last year's £560m purchase of the plumbing group BSS.

Builders’ merchant Jewson has opened a new 22,000 sq ft branch in Northampton. The branch, located on the Kings Heath Industrial Estate, forms part of a new Trade Park, and is located alongside outlets of Jewson sister companies Graham, The Plumbers’ Merchant, and tile supplier, CTD.

BSRIA has applauded the announcement of the government commission into a major review of the construction labour market in its latest bid to reform the sector and enable it to help power economic growth and solve the current housing crisis.

Following a company restructure, ATAG Commercial has relocated to new UK headquarters in Basildon, Essex. The move follows the acquisition of ATAG by the Ariston Thermo Group, which already bases a number of its UK companies from the same south Essex offices.

MKM Building Supplies has opened a new luxury kitchen and bathroom showroom in Grimsby. The Hull-based company has invested £50,000 to create an inspirational showroom at its branch on Eleanor Street in the town.